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Financial News: Japan All Industry Activity Falls More Than Forecast

Japan All Industry Activity Falls More Than Forecast

05/23/2017 - 01:03:00 (RTTNews)

(RTTNews) - Japan's all industry activity declined at a faster-than-expected rate in March, after rebounding in the previous month, figures from the Ministry of Economy, Trade and Industry showed Tuesday.

The all industry activity index fell 0.6 percent month-over-month in March, reversing a 0.7 percent rise in February. Economists had expected a 0.5 percent decrease for the month.

The sub-index for industrial production dropped 1.9 percent over the month and the measure for construction industry activity slid by 0.5 percent. The index measuring tertiary activity registered a moderate decline of 0.2 percent.

On an annual basis, the all industry activity index climbed 1.1 percent in March, after remaining flat in the preceding month.

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